Spot on. Unlikely that they would hand over 10.5mil for shares that are potentially worth $0.00 if they can't do a deal. If they have to CR for P3 then the SP will drop and Langstead will suffer massive dilution.
I am quite sure they have been convinced that this is a sure bet as we all believe it is. I would has at a guess that they have been given far more detail on the state of play re: partnering etc than the market has.
Ann: Becoming a substantial holder, page-3
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Last
$20.47 |
Change
0.610(3.07%) |
Mkt cap ! $2.583B | |||
| Open | High | Low | Value | Volume |
| $20.00 | $20.49 | $19.94 | $2.551M | 126.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 66 | $20.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.48 | 1155 | 6 |
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| Last trade - 11.55am 12/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |